Trying to lose weight? Latest diet fad offers cash reward - KCTV5

Trying to lose weight? Latest diet fad offers cash reward

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The secret to a better body could be all about betting on yourself. DietBet, one of the latest diet trends, has people logging on and dropping money to drop pounds. The secret to a better body could be all about betting on yourself. DietBet, one of the latest diet trends, has people logging on and dropping money to drop pounds.
KANSAS CITY, MO (KCTV) -

The secret to a better body could be a gamble.

One of the latest diet trends has people logging on and betting money to drop pounds.

Dawn Hyatt had tried a number of diets before but nothing seemed to stick.

"It's hard to get motivated to lose weight or get healthier," said Hyatt, a study abroad program assistant at Park University.

Her co-worker told her about DietBet, a website that lets people gamble on their weight loss. If they meet their goals, they could get their money back and then some.

"I've kind of gotten a little addicted to it," she said.

Dawn has lost 42 pounds since June. It turns out the money was a huge motivator.

"That amount of money that you just put down flips a switch, and you become super motivated to follow through," said DietBet CEO and founder, Jamie Rosen. "You go from good intentions to actual commitment."

How it works is simple.

Once users log on, they can chose how much weight they want to lose. Then, they can either join a game or create one for their friends, place a wager and watch the pot grow as other players join. Whoever hits the goal, splits the pot.

But don't even think about cheating. Users have to periodically submit picture proof of their weight, standing on a scale.

Already, DietBet has helped players lose a combined 1.8 million pounds since last year and $8 million in winnings.

"Even though it is a competition, it is more of a fun run, where you are in it with these different people and you want to help each other get to the finish line," Rosen said.

Dawn's waiting for her big payoff in December when her challenge ends but says money won't be the only gain.

"I'm feeling so much better. I have so much more energy. I am more comfortable. I'm looking forward to losing more weight," she said.

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